Charlie Lee, the co-founder of Litecoin and former Director of Engineering at cryptocurrency platform Coinbase, has announced that he is to be an advisor to HTC for the Exodus smartphone.
Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption.
P.S. No, they will not remove BTC. https://t.co/WQcygPVst0
— Charlie Lee [LTC⚡] (@SatoshiLite) July 30, 2018
Phil Chen, Chief Crypto Officer on the project for HTC, publicly welcomed Lee to the project. He said that he was “privileged” to be working with both Lee and Elizabeth Stark, the cofounder of Lightning Labs, and that he was “excited to be on this journey” with them.
— Phil Chen (@philchen913) July 30, 2018
In May this year, HTC said that they are working on the world’s first blockchain-powered smartphone. It was going to have features “dedicated to decentralized applications and security.” The phone is expected in the market before the end of the year and will mark the beginning of HTC’s support for blockchain technology. HTC is based in Taiwan and hopes to bring decentralized applications closer to the people as possible.
The device will contain a variety of features aimed at the cryptocurrency user. HTC describes Exodus as running “the Switzerland of Protocols” to achieve blockchain interoperability and each phone will act as a node on the Bitcoin and Ethereum networks. The Exodus will also function as a universal wallet for all of a user’s crypto holdings.
Additionally, HTC plans to offer support for Bitcoin (BTC) and Ethereum (ETH) through its smartphone’s own blockchain network. According to the multinational electronics company, its Exodus smartphone will facilitate cryptocurrency trading between users of its devices.
Earlier, it was said that the smartphone with a native blockchain network will be for cryptocurrency trading between users. However, on July 10, the company stated that it will introduce a smartphone containing a cryptocurrency wallet and CryptoKitties, the Ethereum-based decentralized application (DApp) game.